The808Trader

The808Trader

With the news from the FOMC that there would be no interest rate hikes for the rest of the year, we saw a big drop across the board on the USD. When you add in the fact that the JPY is typically a safe haven during times of economic turbulence, we saw an even more extended move with this pair. I am looking for that continued move to the downside in the long run so...

The808Trader Updated 

USD saw a slow continuous move up from support last week. Right now we are at kijun sen testing support. I am looking for a good entry at kijun sen for a chance to get long, that could come in the form of a strong support candle or a break back up above the triger line. If we get that good entry we can look for a price back to price structure highs from last week....

The808Trader Updated 

This pair saw a big move down last week and while ranging inside the kumo we saw further resistance to the upside. We ended the week with another attempt at a a breakout and some nice bearish candles. I am looking for a break of the previous bearish wick to enter into a sell position. I've drawn out some potential targets to aim for along the way to our major TP...

The808Trader Updated 

This setup is a little more risky since it is a drawback setup but kijun sen has flattened out here. Typically that is an indication of slowing momentum and is usually a sign of a drawback. I've set my entry at a break of tenken sen to look for a move back down to kijun sen. Alternatively, if price was to fall it may be held up at support at the kumo as well. So,...

The808Trader

This pair formed a very strong rejection candle at tenken sen and has continued it's bearish move down. I am looking for a break of price structure to look for a short entry. I've set my TP at a previous price structure low, but I've drawn out several areas where I will look to take partial profit at or at the very least watch to see if support looks like it will...

The808Trader

We've been on a tremendous bullish run with this pair over the last week and a half or so and momentum has slowed a little bit here. I've zoomed into the 1 hour chart to look for a drop near kijun to watch for support to hold. If we see that drop a nice wick forms at support, that will signal another entry to get long in this pair. I've set my TP at the top of...

The808Trader

For this setup I'm zooming in on the 1 hour time frame. While this pair remains on a bearish trend overall on the larger time frames, it looks like we will be getting a drawback. Keep in mind that since this setup is technically a drawback right now that it carries a little more risk than a standard trend trade setup, so I will only be risking 1.5% of my capital...

The808Trader

This pair saw a firm rejection at kijun sen last week and I'm looking to try and take advantage of that bearish momentum to get into a short position. I've placed my entry at the body of previous support and price structure, I'm looking for a break of that level to continue the bearish momentum we've seen. I set my TP at the tip of the extended wick we can see on...

The808Trader

Oil has continued it's bullish run up in price despite the fundamentals being very challenging. I am watching for a drawback to previous price structure, where I'll be looking for a good support candle to form to get long and try to take advantage of this bullish run. We will need to keep an eye on the news though as oil is highly speculative. Any news on a new...

The808Trader

For this setup I'm zooming in on the 1 hour time frame. This is a little pre-emptive of a failed support move on the 4 hour. I've placed our entry a few pips below kijun sen on the 4 hour which lines up with an entry below the kumo here. Remember that all ichimoku components tie together, so it is no coincidence that this setup takes place where it is, lining up...

The808Trader

While this pair has been moving sideways we ended the week with a bearish kumo and a bearish TK cross. I am looking for a move back down and out of the kumo to look to take a sell here. My longer term take profit level will only be valid if we can break the price structure I've drawn out in horizontal lines on the charts. I'll also be take partial profit at those...

The808Trader

For this setup we're going to zoom into the 1 hour chart. We've had 4 price structure rejections before falling down below the kumo. We are still holding a price structure floor here, but I've set an entry below that level, so that if we break it, I can get into this sell. I've also drawn out some partial take profit level to aim for on the way down to my longer...

The808Trader

This pair is going to have to develop still but if we get the final confirmations it could still be worth the wait. What are those confirmations? Well there's a few I want to see. I want to see the kumo twist to start with, which looks like we should get here as price has been holding higher and the kumo cloud is starting to thin out. We are in a bullish TK...

The808Trader

This pair got a nice move back up last week before ending up testing tenken sen and the kumo here. We do have an early kumo twist to a bullish cloud and we are currently hold at the top of the kumo which is coinciding with tenken sen support as well which is typically a very strong support level. Both kijun sen and tenken sen have flattened out a bit here...

The808Trader

Last week in the membership we were looking for a good size drawback but this sentiment was invalidated when support held on the daily chart. We are now looking to get into a trend continuation if we can catch a nice bullish breakout of the kumo. In addition to the breakout I also want to see that kumo twist complete and a golden (TK) cross to complete for the...

The808Trader

We saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll...

The808Trader

With the economic uncertainty of the trade wars, government shutdown, and tariffs we've seen gold make up some pretty good ground against the dollar. This will be the first major test of support if we get a drop to kijun sen. If we get that drop and show some strong sings of support with a good candle or strong holding of price at that level I will look to get...

The808Trader

Last week fundamentals started to come a little more into play as we saw the Yen try to regain some ground here. We've started to move sideways and I am looking for a break of price structure to coincide with a bearish kumo twist and kumo breakout to look at enter a short position. The trade is setup for my medium term target, but I've also drawn some shorter term...